余子良

最高学历:博士

职称:长任副教授

E-mail: yuziliang@nankai.edu.cn

个人主页:https://my.nankai.edu.cn/jrxy/yzl/

个人履历

工作经历:
2021.12—至今:   南开大学金融学院,长任副教授
2017.09—2021.12: 南开大学金融学院,助理教授
2014.09—2017.06: 新加坡国立大学房地产研究院,博士后研究员(Research Fellow)
2014.06—2017.09: 南开大学经济学院,博士后

教育背景:
2009.09—2014.06:南开大学经济学院,经济学博士
2004.09—2008.06:河海大学理学院,理学学士

研究成果

英文论文发表(*通讯作者):

1. Liu, Xiaomeng; Ziliang Yu* and Yang Li (2024), “Housing Price Volatility in China: A Pervasive Pattern with Geographic Disparity.” International Journal of Strategic Property Management, forthcoming. (ABS-2 Journal, SSCI)

2. Yu, Ziliang; Xiaomeng Liu; Zhuqing Liu and Yang Li (2023), “Central Bank Swap Arrangements and Exchange Rate Volatility: Evidence from China.” Emerging Markets Review, 56, 101044. (ABS-2 Journal, SSCI) (An earlier version was listed on SSRN's Top Ten Download List, 2022).

3. Yang, Jian; Meng Tong and Ziliang Yu (2023), “Can Volume Be More Informative than Prices? Evidence from Chinese Housing Markets.” Review of Quantitative Finance and Accounting, 61, 633-672. (ABS-3 Journal, ESCI) (An earlier version was listed on SSRN's Top Ten Download List, 2023).

4. Yu, Ziliang; Jian Yang and Robert I. Webb (2023), “Price Discovery in Chinese Crude Oil Futures Markets: An Emerging Asian Benchmark?” Journal of Futures Markets, 43(3), 297-328. (ABS-3 Journal, SSCI) (Lead article; Featured in China Futures (《中国期货》) and 2023 Development Reports of Shanghai Crude Oil Futures and Options Market (《2023上海原油期货和期权市场发展报告》) ; This paper was also included in the World Health Organization (WHO) COVID-19 Research Database, ID: covidwho-2237370)

5. Yu, Ziliang*; Yanan Liu; Huiting Mang and Xiaomeng Liu (2023), “The Relationship Between Crude Oil Futures and Exchange Rates in the Context of the COVID-19 Shock: A Tale of Two Markets.” Journal of Risk, 25(4), 83-120. (ABS-2 Journal, SSCI) (This paper was also included in the World Health Organization (WHO) COVID-19 Research Database, ID: covidwho-2327284).

6. Yang, Jian; Meng Tong and Ziliang Yu* (2021), “Housing Market Spillovers through the Lens of Transaction Volume: A New Spillover Index Approach.” Journal of Empirical Finance, 64, 351-78. (ABS-3 Journal, SSCI) (Top 5 Most Cited JEF Articles (in 2023 & 2024))

7. Yu, Ziliang* and Jiadong Tong (2020), “Financing Benefit from Exporting: An Indirect Identification Approach.” Journal of Multinational Financial Management, 57-58, 100657. (ABS-2 Journal, SSCI) (An earlier version was pre-selected for the INFER Young Economist Award of the 21st International Network for Economic Research (INFER) Annual Conference held in Brussels, not awarded because of the bellow-32 age requirement)

8. Tong, Jiadong; Ziliang Yu*; Jiayun Xu and Meng Tong (2020), “The Belt and Road Initiative and China's Export: A Soft Power Perspective.” Frontiers of Economics in China, 15(3), 312-354. (ESCI) (Lead article; Top 3 Most Downloaded FEC articles in recent year (in 2021); Top 4 Most Accessed FEC articles in last two years (in 2022))

9. Peng, Zhiwei; Ziliang Yu* and Huifu Nong (2020), “Inter-Type Investment Connectedness: A New Perspective on China’s Booming Real Estate Market.” Global Economic Review, 49(2), 186-204. (SSCI) (Top 3 most cited GER articles in the past three years (in 2022); Top 2 most cited GER articles in the past three years (in 2023))

10. Yang, Jian; Ziliang Yu and Jun Ma (2019), “China’s Financial Network with International Spillovers: A First Look.” Pacific-Basin Finance Journal, 58, 101222. (ABS-2 Journal, SSCI) (Summarized in CFA Institute Journal Review (formerly CFA Digest), 27 August 2020; An earlier abridged version of the paper published as the PBOC working paper 2017-4 and circulated under the title “Transmission of Financial Shocks among China's Financial Institutions: A Global Perspective” was featured in New York Times, Reuters, CNBC, Daily Mail (UK), US News and World Report, Global Times (China), Business Standard (India), New Strait Times (Malaysia), Arab News (Saudi Arab), Daily Times (Pakistan), May 9, 2017; China Securities Journal, May 11, 2017; among about 35 media outlets in total)

11. Yang, Jian; Ziliang Yu* and Yongheng Deng (2018), “Housing Price Spillovers in China: A High-Dimensional Generalized VAR Approach.” Regional Science and Urban Economics, 68, 98-114. (ABS-3 Journal, SSCI) (Top 5 Most Downloaded RSUE articles in 2018, Top 14 Most Cited RSUE articles since 2017 (in 2020), and Top 6 Most Cited RSUE articles since 2018 (in 2021); Winner of the Best Paper Award at the 5th National Post-Doctoral Forum in Finance of China; Main results were widely reported by Chinese domestic media or official websites such as China Real Estate Association official website (中房网), China Business News (第一财经), Phoenix New Media (凤凰网), NetEase (网易), Sina (新浪), Tencent (腾讯), Financial Net (财经网) among others).

中文论文发表 (*通讯作者):

1.余子良、邙荟婷、佟家栋(2022):“美元国际货币网络效应之基:石油美元体系评述”,《长安大学学报(社会科学版)》第5期。

2.刘程、佟家栋、余子良(2020):“从比较优势竞争到战略竞争”,《瞭望》第36期。(光明网、新华网、凤凰网、新浪、搜狐、腾讯、东方网等全文转载)

3.涂红、徐春发、余子良*(2018):“货币政策对房价影响的区域差异:来自多层混合效应模型的新证据”,《南开经济研究》第5期。(封面文章)

4.余子良、洪倩霖、佟家栋、王芊(2017):“入世后国企产权改革的出口效应研究”,《国际贸易问题》第10期。(篇首文章;人大复印资料《国际贸易研究》2018年第1期全文转载;论文初稿曾获2015年第四届全国博士后金融论坛优秀论文奖)

5.杨坚、余子良、贾彦东、马骏(2017):“全球视角下的中国金融机构间金融冲击传递”,《中国人民银行工作论文》,No. 2017/4。(本文被Reuters、CNBC、The New York Times、Daily Mail、Nasdaq、U.S. News & World Report、Yahoo Finance、Business Standard、Arab News、New Straits Times、Daily Times、经济通讯社、星岛日报、大公报、凤凰网、中国金融网、金融时报、中国证券报等众多国内外主流媒体或门户网站报道)

6.余子良、佟家栋(2016):“所有制、出口行为与企业融资约束”,《世界经济》第3期。(论文初稿收录于《经济研究(工作论文)》2014年1月No. 593)

7.余子良、佟家栋、洪倩霖(2015):“贸易信贷、资金成本、金融危机冲击与企业出口集约边际”,《世界经济研究》第4期。(国务院发展研究中心信息网(国研网)全文转载)

8.刘竹青、余子良(2014):“地理集聚能否促进企业出口参与?—基于外部融资依赖的分析”,《世界经济研究》第12期。(国务院发展研究中心信息网(国研网)全文转载)

9.佟家栋、余子良*(2013):“系统性企业外部融资冲击与美国出口波动”,《世界经济》第8期。(人大复印资料《国际贸易研究》2014年第1期、国务院发展研究中心信息网(国研网)全文转载)

10.余子良(2013):“地方政府融资平台的来龙去脉与风险规避(原标题:地方政府融资平台风险与对策分析)”,《改革》第1期。(人大复印资料《金融与保险》2013年第5期、国务院发展研究中心信息网(国研网)、中国社会科学网、中华人民共和国国史网、全球政务网等全文转载;《新产经》2013年第2期新观点推荐文章)

参编书籍/书章:

1.“用网络分析法研究机构间金融冲击传递”,《金融危机的预警、传染和政策干预》第七章,中国金融出版社,马骏等著,2019。(与杨坚、马骏、贾彦东合著;约2万字)

2.“Land Management in Singapore”, Book chapter prepared for NUS-ISAS workshop “Land and Business: Challenges and Opportunities for India”, 2017. (Coauthored with Y. Deng and Y. Fan; 8,000 words, in English)

3.“新加坡公共住房的发展演变:一个‘居者有其屋’的成功典范”,《公共住房的未来:东西方的现状与趋势》第七章,中信出版社,编者:陈杰等,2015。(与邓永恒、程天富合著;约1.5万字)

4.“Chapter 4: To Reduce Trade Frictions”, On China's Trade Surplus, Springer Press, edited by Tao Yuan, 2014. (Coauthored with Tao Yuan; 12,000 words, in English)

5.“减少针对中国出口的贸易摩擦”,《中国对外贸易与世界贸易组织(WTO)》第七章,中国对外经济与贸易大学出版社,编者:苑涛,2012。(与苑涛合著,约1.5万字)

科研项目

主持:

2023—2025 南开大学亚洲研究中心项目“中国房地产市场与系统性金融风险研究”(No. AS2301)

2021—2023 国家自然科学基金青年项目“中国房地产市场溢出网络研究:基于改进的网络分析法”(No. 72001119)

2021—2021 中央高校基本科研业务费专项资金项目“人民币国际化背景下的双边货币互换与汇率风险研究”(No. 63212137)

2018—2020 中央高校基本科研业务费专项资金项目“‘新常态’下中国房地产市场调整及其潜在影响研究”(No. 63182068)

2015—2017 中国博士后国际交流计划派出项目(No. PC2015033)

2014—2017 中国博士后科学基金面上项目“贸易崩溃中的金融因素影响机制研究”(No. 2014M561171)

参与:

2023—2026 国家自然科学基金面上项目“住房财富与消费者行为决策研究”(No. 72271130)

2021—2022 国家社科基金面上项目“多重非对称性国际货币体系的失衡、崩塌临界及变革方案研究”(No. 20BJL049)

2016—2019 国家自然科学基金面上项目“金融机构风险动态传递研究:基于全球的视角”(No. 71571106)

2012—2015 国家社科基金重大项目“经济全球化调整期的国际保护主义发展新趋势及我国的应对策略研究”(No. 12&ZD087)

2012—2013 天津中新生态城项目(No. F5003902)

2012—2014 教育部人文社科青年基金项目“新型国际分工、全球经济失衡及中国的对策研究”(No. 12YJC790151)

2012—2012 2012年夏季达沃斯全球性议题项目“人民币汇率制度改革与人民币国际化”

2012—2012 教育部人文社会科学重点研究基地重大项目“国际贸易摩擦、争端的成因及解决机制研究”(No. 05JZD00015)

2011—2014 教育部人文社会科学重点研究基地重大项目“国际外包与国际贸易发展”(No. H0510204)

个人荣誉

Journal of Empirical Finance最高引用论文(2023,2024)

凡科研究生学位论文优秀评审专家(2023)

南开大学第三届“校长杯”创新创业大赛优秀论文指导教师(2021)

论文入选CFA Institute Journal Review(即原CFA Digest)重要投资研究文献、并向全球业界从业者总结推广(全球全年共47篇入选,2020)

Regional Science and Urban Economics最高下载&最高引用论文(2018 & 2020, 2021)

天津市优秀博士学位论文(2016)

第五届全国博士后金融论坛优秀论文(2016)

入选中国博士后国际交流计划派出项目(2015)

第四届全国博士后金融论坛优秀论文(2015)

南开大学优秀博士学位论文(2015)

国家奖学金(本科,2004;博士,2013)